Forex Trend Analysis Report
Prepared for you on Thursday, February 27, 2020.
Saudi Arabian Riyal/Japanese Yen (FOREX:SARJPY)
Sidelines Mode (+55) - SARJPY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SARJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for SARJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SARJPY
The long-term trend has been UP since Oct 30th, 2019 at 29.129000
The intermediate-term trend has been UP since Jan 13th, 2020 at 29.253372
The short-term trend has been DOWN since Feb 25th, 2020 at 29.455433
Smart Scan Analysis for SARJPY
Based on our trend formula, SARJPY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).